Fla. Stat. 634.261
Voluntary compliance in lieu of suspension or revocation

The department or office may terminate an investigation or an action upon acceptance of the written assurance of a company or salesperson of voluntary compliance with this part. An acceptance of assurance may be conditioned on a commitment to reimburse agreement purchasers or to take other appropriate corrective action. An assurance is not evidence of a prior violation of this part. However, unless an assurance has been rescinded by agreement of the parties or voided by a court for good cause, the subsequent failure to comply with the terms of an assurance is prima facie evidence of a violation of this part. No such assurance shall act as a limitation upon any action or remedy available to a person aggrieved by a violation of this part.

Source: Section 634.261 — Voluntary compliance in lieu of suspension or revocation, https://www.­flsenate.­gov/Laws/Statutes/2024/0634.­261 (accessed Aug. 7, 2025).

634.011
Definitions 634.021
Powers of department, commission, and office 634.023
Part exclusive 634.031
License required 634.041
Qualifications for license 634.042
Prohibited investments and loans 634.044
Assets and liabilities 634.045
Guarantee agreements 634.052
Required deposit 634.053
Levy upon deposit limited 634.061
Application for and issuance of license 634.071
License continuance 634.081
Suspension or revocation of license 634.095
Prohibited acts 634.101
Order, notice of suspension or revocation of license 634.111
Duration of suspension 634.121
Forms, required procedures, provisions 634.131
Tax on premiums and assessments 634.136
Office records required 634.137
Financial and statistical reporting requirements 634.141
Examination of companies 634.151
Service of process 634.161
Service of process 634.171
Salesperson to be licensed and appointed 634.181
Grounds for compulsory refusal, suspension, or revocation of license or appointment of salespersons 634.191
Grounds for discretionary refusal, suspension, or revocation of license or appointment of salespersons 634.201
Refusal, suspension, or revocation of license or appointment of salespersons 634.211
Administrative fine in lieu of suspension or revocation of license or appointment 634.221
Disposition of taxes and fees 634.231
Insurance business not authorized 634.241
Prohibition against fronting 634.242
Injunctive proceedings 634.251
Penalty for violation 634.252
Acquisition 634.253
Delinquency proceedings 634.261
Voluntary compliance in lieu of suspension or revocation 634.271
Civil remedy 634.282
Unfair methods of competition and unfair or deceptive acts or practices defined 634.283
Power of department and office to examine and investigate 634.284
Prohibited practices 634.285
Cease and desist and penalty orders 634.286
Appeals from orders of the department or office 634.287
Penalty for violation of cease and desist order 634.288
Civil liability 634.1213
Noncompliant forms 634.1815
Rebating 634.2515
Penalty for selling agreements of a nonlicensed company 634.2815
Unfair methods of competition and unfair or deceptive acts or practices prohibited 634.2825
Motor vehicle service agreement cost specified in “price package.” 634.2855
Unauthorized entities

Current through Fall 2025

§ 634.261. Voluntary compliance in lieu of suspension or revocation's source at flsenate​.gov